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7 ways to prevent construction insurance losses
Construction Dive
FEBRUARY 22, 2018
Here are the major insurance issues to consider to avoid financial setbacks, as well as damage to professional and personal relationships
Insurance Related Topics 
Integrated Project Insurance v Integrated Project Delivery
Collaborative Construction
APRIL 14, 2017
How does integrated project insurance differ from integrated project delivery? How does Integrated Project Insurance differ from Integrated Project Delivery? The same is true of insurance products available to integrated teams.
Trending Sources
Insurance firm and two senior figures handed record data breach fines
Green Industry Professionals
JANUARY 5, 2018
Fines totalling more than £150,000 handed down over use of private detectives to illegally obtain private banking records An insurance firm and two senior figures connected with the company have been given record fines for using private detectives to illegally obtain the private banking records of a businessman they were investigating. Data protection Data and computer security Technology Insurance industry Information commissioner Business UK news
Report: Construction workers least likely to have health insurance
Construction Dive
MARCH 26, 2018
Many of the uninsured are independent contractors who are not entitled to benefits including health coverage
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2017 Insurance Update
Construction Business Owner
JUNE 8, 2017
Yet, even as equipment has become safer, highway fatalities are increasing at an alarming rate, and insurance companies have targeted distracted driving from cell phone use as a contributing factor
Insurance App Tracks Driver Behavior
Construction Equipment
DECEMBER 14, 2017
Arity, a spin off from Allstate Insurance, currently watches more than a million drivers for Allstate and online Esurance. Telematics data is collected from drivers who have agreed to let Arity monitor their driving habits in exchange for better rates.
How to Reform Flood Insurance
ENR Construction
AUGUST 9, 2017
When FEMA’s National Flood Insurance Program (NFIP) expires next month, the pressure will be on Congress to reauthorize the program, ideally by adopting long-delayed reforms
Additional Insured Status: Playing the Speak-Out Game on a Construction Project
Best Practices Construction Law
FEBRUARY 21, 2018
Reading and understanding an insurance policy on a construction project can be a lot like understanding my kids playing Speak Out. Proper insurance coverage is an important risk management tool for contractors, subcontractors, project owners/developers and design professionals. Nautilus Insurance Co. , The subcontract also required the subcontractor to include the contractor as an “Additional Insured” on its policy.
2016 Insurance Market Forecast
Construction Business Owner
FEBRUARY 18, 2016
Like many businesses, the insurance industry is cyclical in nature. The insurance cycle is important to business owners because it directly impacts insurance premiums.
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Insurer Facing BIM - Where Are the BIM & IPD Friendly Insurance Products?
Collaborative Construction
SEPTEMBER 5, 2013
If BIM is the New Standard of Care what the HE double sticks are the insurance companies doing? Insurance companies and their lawyers are inherently risk averse and want nothing to do with anything new. If the built industry wants new and better insurance products YOU need to speak up!
Insuring Unmanned Aircraft Exposures
Construction Business Owner
OCTOBER 30, 2015
Drones are well suited for applications in construction, agriculture, energy, wireless communications, insurance, search and rescue, law enforcement, firefighting, real estate, photography and film
Louisiana Contractors – Workers Compensation Insurance
Construction Law Monitor
DECEMBER 27, 2012
Back in 2009 this blog reported on the very topic of Workers Compensation insurance, stating that 1 and 5 businesses are breaking workers compensation laws. The main reason being is due to the exorbitant price of this insurance on contractors.
Integrated Insurance Products Needed
Collaborative Construction
SEPTEMBER 25, 2010
Many of those challenges, even the insurance conundrums raised in this post, can be addressed through integrated agreement. Here, I want to highlight the need for a new generation of integrated insurance products designed to protect integrated team members. A new insurance product is needed. Currently integrated team members are insured under separate policies, and there are no insurance products available on the US market that fit the needs of an integrated team.
Get Additional Insured Language Right
Construction Business Owner
OCTOBER 14, 2015
General contractors, subcontractors and business owners risk substantial financial loss if they enter into contracts that are not supported by their insurance program.
Construction Insurance Rates Predicted To Increase
Construction Law Monitor
SEPTEMBER 17, 2012
According to a recent Press Release from Marsh , a leader in insurance broking and risk management, construction firms across the U.S. Insurance rates have been declining for close to a decade, but rates are forecasted to increase between 8 and 10 percent.
Eye on Winter Auto Insurance
Green Industry Professionals
AUGUST 10, 2014
Tips to save money and pick the right insurance for your winter snow removal business
Ensuring Adequate Insurance Coverage for Your Snow Division
Green Industry Professionals
JANUARY 24, 2017
5 insurance policies that are essential to snow removal contractors
Maybe you are insurable
Constructor Magazine
JULY 13, 2017
Never can a stroke, cancer or a heart attack be anything but bad news. But hallelujah! Survive for five years and your life expectancy statistically is probably (wish “probably” was not necessary) the same as the general population of Americans
David v. Goliath – The Difficult Task of Fighting Your Insurance Company
Construction Law Monitor
JULY 10, 2012
I was recently speaking with a client about the posture of a pending case and the client was surprised to know that nearly all of the insurance companies that were originally brought into the suit had whittled their way out due to policy limitations, lack of coverage and policy exclusions.
Cyber Insurance
Construction Business Owner
NOVEMBER 21, 2014
Cyber insurance aims to help mitigate losses from a wide variety of cyber and electronic intrusions, such as data breaches, business interruption and network damage caused by virus or malware.
Pollution Legal Liability Insurance More Valuable as a Result of High Court Ruling
Green Building Law Update
FEBRUARY 12, 2014
Insurance has become a mechanism for managing the risk of unanticipated costs incurred to clean up a property that an owner may have acquired not knowing it was contaminated or that may later become contaminated from migration of toxics onto the property.
The Top 6 Insurance Trends in 2016
Construction Business Owner
JULY 6, 2016
The construction insurance market is responding positively to these efforts, rewarding owners and builders that are operating their businesses efficiently and managing their risks properly with lower insurance premiums, broader coverage and higher limits
Tropical Storm Lee – Prepare for Insurance Claims
Construction Law Monitor
SEPTEMBER 4, 2011
Contractors who have equipment, property and unfinished work need to report any flood, wind or wind driven rain damage to your general liability insurer in a timely fashion so that you may collect reimbursement for damages sustained from this storm. Your insurer will assign a claims specialist to assess the damage and this person is who you will work with to obtain reimbursement. Remember to consult with an attorney or your insurance agent when reviewing the terms of your policy.
Why Commercial Facility Maintenance Is Your Best Insurance Policy
Commercial Construction
MARCH 13, 2013
The big take away from all of these services is that the right commercial facility maintenance can serve as the best insurance policy and save you thousands in facility maintenance costs. Being a national commercial construction general contractor can be an immensely rewarding profession.
BIM Forum Insurance Presentation
Collaborative Construction
JANUARY 24, 2010
Louis made a presentation titled "BIM Claims and Insurance Coverage: A Survey of Recent Developments" at the BIM Forum in Arizona. Welcome to the Collaborative Revolution! Gregg Bundschuh's with Ames & Gough out of St. Approximately 30 claims have arisen from BIM utilization to date according to the Ames Grough presentation. The claims fall into 6 categories and most related to delay and cost overruns. For more information visit the BIM Forum Blog and read the complete post.
Additionally Insured? Not for Everything, Contractor Learns
ENR Construction
FEBRUARY 21, 2018
Another case over one of the most tricky and confusing subjects in construction liability
Construction Insurance Market a Mixed Bag in 2013
Construction Informer
FEBRUARY 22, 2013
Fewer insurance carriers are willing to extend endorsements to additional insureds on construction contracts, according to Marsh’s Annual US Insurance Market Report. ” Very often, insurers are negotiating [.]
Construction Insurance Market a Mixed Bag in 2013
Construction Informer
FEBRUARY 22, 2013
Fewer insurance carriers are willing to extend endorsements to additional insureds on construction contracts, according to Marsh’s Annual US Insurance Market Report. Finance General News Industry Managing construction insurance forecasts
FEMA Recommends I-Codes For National Flood Insurance Program
Buisness Facilities Contributed Content
DECEMBER 16, 2013
A Federal Emergency Management Agency (FEMA) National Flood Insurance Program (NFIP) flood plain management report says current model building codes, such as the International Codes (I-Codes), have flood provisions that are consistent with NFIP requirements for buildings and structures.
Arena Contractors Say Insurance Program Cost Savings Never Materialized
ENR Construction
JULY 13, 2016
Did the wrap-up insurance program add to costs instead of saving money
Why an Insurer Denied a Claim For a Storm-Battered Crane
ENR Construction
OCTOBER 25, 2017
Why did a developer and construction manager seek to collect builders-risk insurance for a storm-battered tower crane
Additional Insured Clauses Need Care
ENR Construction
SEPTEMBER 14, 2016
A commonly used risk transfer mechanism has many complications
Contractors Get Good Insurance & Use It!
Construction Law Monitor
JANUARY 12, 2012
More and more in my everyday practice I encounter issues with contractor general liability insurance (GL). Next, the most important and most often overlooked aspect is notifying the insurer when trouble starts. Business Matters Damages Insurance
Coming Soon: More Drone Insurance Options
ENR Construction
JANUARY 14, 2015
Contractors and engineers that are using drones soon may be able to buy standardized insurance coverage from a greater number of insurers. Business Management
Blind Acceptance of Evidence of Insurance is Asking for Trouble
Nuts and Bolts
FEBRUARY 3, 2014
Last year, I wrote an article published in Engineering News Record entitled “Understanding Insurance: A ‘Must” for Every Construction Professional.” American States Insurance , approved for publication last week by Division I of the Washington Supreme Court.
Insurance Insights for Landscape and Lawn Care Contractors
Green Industry Professionals
MAY 11, 2015
How your services, clients and other factors affect your landscaping or lawn care business insurance needs
How business owners can avoid the life insurance tax trap
Constructor Magazine
JANUARY 11, 2017
The easiest way for a successful business owner to create tax-free wealth is by the proper use of life insurance. read more. Blackman Taxes
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